Hemnet Has to Eat Humble Pie
Hemnet is cutting a third of its staff and offering free listings, copying rival Booli in a bid to win back brokers and buyers.
All posts tagged: real estate
Hemnet’s crisis is self-inflicted
Sweden’s dominant property platform Hemnet has lost the trust of its estate agents through years of price hikes and strategic missteps – and the Competition Authority investigation is only the latest sign of a deepening crisis.
Zillow’s algorithmic home-buying is a flop
Zillow's algorithm-driven home-buying business is shutting down with a $569M write-down. The lesson: pivots are hard, and so is getting the housing market right.